laurus12

Hello, Does anyone have an updated link for the MostMarketMoving.pdf file? Alternatively if anyone would care to upload it somewhere and share the link it would be most appreciated. Thanks, Laurus

Hello Ingot54, Big time thanks for making me aware of The Daily Bell website! (post back on November 18th, 2012) I read the articles whenever I have the time. Really good stuff for thought. I believe it is important read for all of us no matter which country one are living in around the world. Laurus

Thank you very much Curtis. Looking forward to going through the webinar. Best regards, Laurus

Thank you Curtis for doing this. I noticed the posting too late. It would have been great if a recording became available. Thanks, Laurus

I liked the expression "This mindset needs to be flexible enough to let the market move and breathe". Says loads. Thanks Johnathon. I've added it to my words of wisdom list. The real trick is to not force anything onto a market. It's just like how we abuse each other as human beings. Forcing a personality trait upon another person so it will almost not be able to breathe. The reason off course is that in our current society's ego state we have to force something onto everything around us so that we ourselves can have some disillusionized sense of security. In the extreme, take for example a low breed psychopath. If he or she needs to and get the opportunity, he or she will in the end make you believe that you are the Easter Bunny. Doesn't matter if it is the truth or not as long as he/she is feeling safe with that illusion in that low breed brain of his/hers. Anyhow, just as this is preventing us from seeing who our fellow beings actually are, it is also preventing us from seeing what the markets are actually doing right now. In my opinion this is THE key to the actual holy grail of trading. That is, in our selves off course. :thumbs up: Laurus

Good to hear . In my opinion Trading by the Gut is a clear and easy to understand book. What I like about my trading psychology books is that they cover different aspects and at the same time on certain areas complement each other. Regarding The Eye Never Sleeps I have come to love it. It has really made an impression on me. To me this is the kind of book which I am going to reread many times. Some days ago I found five interviews with Mr. Rande Howell at MoneyShow.com on YouTube. I think what he says goes pretty well hand in hand with the books discussed. I am quite impressed by the clarity and how tangible the information is. The links are: 1. [ame=http://www.youtube.com/watch?v=x0vuAzE5ICE]Mastering Uncertainty in Trading - YouTube[/ame] 2. [ame=http://www.youtube.com/watch?v=L2gWWSIfIIk]Steps for Managing Emotions When Trading the Markets - YouTube[/ame] 3. [ame=http://www.youtube.com/watch?v=sO2VVcozyfI]Achieving Confidence in Trading - YouTube[/ame] 4. [ame=http://www.youtube.com/watch?v=5_l8YjefmKw]Achieving Your Potential in Trading - YouTube[/ame] 5. [ame=http://www.youtube.com/watch?v=NJ5BvhGLSRw]Breaking Through to the Next Level - YouTube[/ame] Regarding Nightmare on Elm St. I know, sometimes it just becomes too much. Best regards, Laurus Edit: Okay. I did not know that the movies would appear right here in my post taking all this space. If kind of too invasive I'll try to post the links in another way.

By the way Tom. If I understood correctly you ordered "The Eye Never Sleeps". How is it going? What do you think? Laurus

Hello Tom, I've been away for some time now and notice that there are some posting that I should be responding to, so I have to get back to that. Just so people know that I do not ignore them. Back to the quote. I reread your text in the quote in the last post by Jay and would like to share some more of my experiences regarding this. To first rephrase my self; In my experience intuition vs. left brain analysis is very much based on in which phase I am in relation to how far I have come in learning something new. For me personally it is clear that if I am very focused on new analysis stuff, there is no room for intuition. The left brain takes completely over. Unfortunately this also affects the parts which works very well from the intuitive side, and it takes some time to get tuned in again, but in the perspective of that everything has its phases this is something that I have come to accept. Another situation where intuition is gone is if I am emotionally unstable and mentally in bad shape where I have the negative kind of approach to trading. Previously in the extreme it could become like "I am #@%##!!! gonna get this market today...". It then became "I" who was going to "take care of this shi...". If you see what I mean. With my experience I have good experiences with being positively energetic in my trading. I am then putting effort into recognizing what my "gut" is telling me, but with negative energy, as in frustration and lack of self confidence, it seems clear that the controlling aspect with this obliterates all room for intuition. Laurus

I'm glad you liked my post Tom I would like to thank you for starting this thread. Unexpectedly it has turned out to be an awakening process for myself. A kind of homecoming one could say. Thanks, Laurus

I would just like to add something of my own from where you ended John. The mind's natural state is neutral and observing. Children up til around five years of age do this naturally. Ask a three or four year old what he or she is thinking, and you will get the answer "nothing". About fifteen years ago I asked this question and got the answer, but then I thought "hmm, but you must be thinking something". I did not understand or know, or had forgot is probably more like it, that children is naturally in neutral and just observing. Today I know that children around five years of age very unfortunately start to be taken over by grownups way of handling things and perceives reality. Meaning the later becoming overgrown ego is starting to take control. One of the pitfalls with technicalities and theory in psychology I think, is when it becomes a technical way of trying to control something that is already control in nature. Meaning one will go in circles. Ego is trying to solve ego, or as if the thief is going to catch the thief himself. It does not work. The mind, or soul, or whatever one would like to call it, have its own way of healing or resolving things if one let it. Meaning not by "going in" with ego, but by letting ego taking a rest somewhere else so that the mind can let things fall into place. And step by step the ego will be resolved bit by bit. Note that I know about and do practical preparations to avoid ego stuff in my trading, but when it comes to resolving things permanently so one can really relax and observe without being afraid of a ghost lurking in the shadows, I refer to the above in this paragraph. This is why I am a strong follower of just practically doing things when things shall be resolved. With trading on the practical side this would just be to practice on what one would like and need to do. And when one realize or understand the mechanism behind the psychology and have experienced the bad results, one find a practical way to resolve this and then forget about the theory. The mind does not need knowledge to resolve things. "We" do until we realize that the solution is to let go. As mentioned not by "going in to" fix things, but by doing something that will give your mind a chance resolve things by itself. When we do this, we start to get quicker, smarter, more creative and so on. The list is probably pretty long. When we are "slow" it is because of our attitude and perceptions, not that we factually are "slow". Laurus

As you know Tom I have mentioned Zen and Mindfulness in my post. And if you have read the page by Dr. Gary you know now that Zen and Mindfulness is related. The reason for mentioning both of these things is that I have been into a phase where I studied so hard that I could not see the forest for the trees. I actually had to ask for help to sort things out. The simple solution was that I had to totally stay away from what I was doing, and at the same time I was recommended reading "Zen in The Art of Archery" and "The Eye Never Sleeps". The interesting and unexpected thing about this is that what I did physically, staying away from the charts, and reading these two books which is not related to trading, is by doing something which was outside of trading learned me how I actually should be when I also was in front of my charts. Meaning detached. Be there, but at the same time not being there. Only in this way can things be allowed to run its course and fall into place where it belongs. This process also showed me that a good mindset with trading can't just be related to trading, it had to be an overall change in attitude which also affects who I am in everyday life. Only then can I genuinely be what I wish to be with my trading. I could have reread "Super Trader" or "Trading in The Zone", but that would have been trading. So reading "The Eye Never Sleeps" actually gave me more in regards of trading than any of the other books could have done, big time. It gave me the freedom to put things upon trading from the outside and still be free. If I had reread the other two books, I would still have my head hard pressed down in my trading stuff bucket. If the things above speaks to you I would definitely recommend reading "The Eye Never Sleeps". Laurus

Thanks for the books John. One of my favorites is "The Eye Never Sleeps - Striking to the heart of Zen". It's a pure Zen book, but indeed very much appliable to trading. To my opinion it is a very good book. It has helped me with both my trading and in everyday life. Regarding my experience with intuition and trading, it actually started before I knew or understood indicators and more common knowledge of structure and so on. So since I was very eager to understand the markets I just sat and tried to figure out price action for maaany hours day in and out. The unexpected result of this was that I later on just knew when a good opportunity came along. Meaning it resonated with something inside of me. To me it is both visual/pictorial and rhythmical, the latter just as in music, but connected to the visual. So this became my edge. But, since I did not understand the overall ecology of trading I did not stick to just that. So many of my other trades became the loosing trades. I then thought and believed that I had to have something more. Mostly thinking in indicator terms, because I still did not understand the overall ecology. Note that I said believed, because it would have been interesting to know how it would have been today if I just stuck to my price action or pattern intuition, and followed a plan with some rules. Anyhow I started to learn about both price indicators and volume. Which actually impaired me, because then my left brain came into play and I lost touch with what I was good at. But then I luckily read Curtis Faith's book "Trading From the Gut" where he explained that this is a phase with stuff you learn. Meaning first you have to do your homework well, and then you can leave it to your "Gut" as he put it. Since I have good experiences with intuition and trading I know today that this is a good way of doing it. I understand this is a way to become a very good trader. So this is what I am doing today to become better. When I am in the process of learning something new I know that I have to practice hard so that I know it is recorded somewhere else, if you know what I mean. Then one can let everything go and trade like the dickens . But, I know that it is then not just to let go, this is a process as well where one have to trust and learn to relax (maybe again) so things can go by itself and be allowed to live on the intuitive side. Laurus

You are very welcome Tom Regarding promoting, I have been under the impression that since I am not a service provider or vendor, but just a student of Dr. Gary it should not hurt that I am sharing my experiences with others. Hopefully I am right. Laurus

As I mentioned in my first post Tom, I would definitely recommend you taking a look at what Dr. Gary Dayton has to offer. You find it here. On the page he writes about what Mindfulness is and how it relates to trading. At the bottom of the page you can start with a free mindful skill builder. I have taken three of Dr. Garys courses and I can honestly say that he is the real deal. A very good teacher. No hype. Laurus

I agree what you wrote, but I also think that trading plan, discipline and money management will come on the intuitive side when one have been through them enough times. Like you just do it out of habit without thought. Your experience with intuition is the same as mine and thanks for framing it the way you do. Practicing Mindfulness is a way to enhance this "space". In his "Super Trader" book Van Tharp talks about a woman in a Mindfulness course that enhanced her trading performance to 95% accuracy after doing this. She had off course a well defined trading methodology in advance. Inspirational I think. Laurus

Good layout and summary John. Curtis Faith is also talking about this in his book "Trading from Your Gut", though from what I know today I believe "from the the heart" would be more appropriate. As I mention in my previous post, Curtis Faith also emphasize the necessity of hard practice before it goes over into the right brain hemisphere and becomes part of intuition. I would also like to mention that scientific research has found that the heart has similar nerve cells as the brain and, to kind of refrase, that the heart is the dominant over the brain. Not the opposite which we have been taught. It's just that we have been too caught up in left brain "reason" to be able to notice it. For those interested you can download "Science of the heart" from Institute of HeartMath. There is also the documentary "The Living Matrix" where Institute of HeartMath is one of the participants when it comes to scientific research on the heart. Very good documentary I think.

Hello Tom. From what you shared in your first post there are three things that comes to my mind. Those are: Lack of preparing your trading day psychologically, hope and mindfulness. The reason for thinking lack of preparation is that when we go into trading there is the danger of preconceptions which then can lead to hope. When saying hope I am thinking of hope of earning back losses and missed out opportunities, plus the general hope that our dreams will be fulfilled. The psychological mechanism in this is that if you have preconceptions about what the market is going to do and then going into hope when opening your trade. It's game over. Period. The reason for this is that your ego attaches to that preconceived picture and no matter which side you are emotionally, greed-side or fear-side, you will not be able to see what the market does. You might be totally out. That's how ego perceptions work. It's a mechanism and unfortunately most of us are doing it all day in everyday life. When I say greed I am thinking of the more innocent common version where you have 80 ticks in profit and was hoping of 120 where price goes back and take you out in break even. Or if it is strong enough even take you out in a loss. Remember that in everyday life hope is a strong positive life force needed to go forward, but in trading it is a "Deadly" force. It does not matter how much we hope. The markets are just going to do what they are going to do. In Zen there is a saying: "If you want to see the truth, do not have any preconceptions". If I understand you right, I would recommend you making a contract with yourself where you every trading day go through a check list before you start your analysis. Like, "No preconceptions - I am going to follow what the market does no matter what", and so on. When you are able to do this you will also get a stronger sense of how well you have done your homework regarding your system. As Denise Shull goes into: "complex decisions are best made non-deliberately". This also means that your right brain works much faster than your left brain. And recent scientific research done by Institute of HeartMath has shown that the heart as a sensory organ reacts before the brain when it comes to external input. Which is also very interesting historically speaking. The Samurais where practicing Zen at the same time as they where practicing with their swords. And they practiced so much that it became automaticly and totally perfect. Then the step into mastery was to let go of everything they had practiced on, trust and literally let their hearts completely guide them in their actions. This made them have seemingly inhuman quick responses when they were attacked. All this can also be applied to trading. My last recommendation would be that you learn about mindfulness. Mindfulness is a form of meditation that will train you to detach and make you more attentive to what the market really does. Van Tharp writes about it from page 50 to 60 in his SuperTrader book, and a place I would highly recommend you to learn how to do this is with Dr. Gary Dayton at Trading Psychology Edge. He is both a Wyckoff expert and psychologist, and a very good teacher. So I would suggest: Practice like the dickens with your system, make a contract with yourself where you follow a check list before you start trading to avoid psychological pitfalls, and then use mindfulness to be able to handle what is necessary as best as possible. I might be off target with some stuff here, but hopefully it was still meaningful and made sense to you Best wishes, Laurus

One thing I forgot to mention in my first post, #15, which probably determine the final outcome for the most, is that many people are actually not willing to do what is required. Personally I think this is the factor that determines it all. Just like with any other business idea people have, they are not willing to do everything which is needed to realize their dream. So when it all comes to it, one end up in the same convenient 9 to 5 work routine. Nothing new. Nothing new created. Laurus

Hello guys, I have been in contact with the creator of WindowTabs and expressed the needs with NinjaTrader, where I got a positive feedback and where he now have done the adaptations. The new release version are supposed to be released in mid December 2011, so very soon I guess . The release will be announced here on twitter. I tried the last beta version which was very promising. No freezing charts, and all functions worked. So are looking forward to this. Main software site is here. - Laurus

Hello Ptcman, Simply put. No. You should not see tick and volume as the same in movement of price. One tick is every time the price is making a single movement. Contract volume during that time can be what ever it can be. Laurus

Why all the fuzz? One day a acquaintance of mine, who is not into trading, came into my office and looked at my charts. Then he cocky said, pointing at all the ups-n-downs: "Why don't you just sell when it is going down and buy when it's going up?". So that's what I am doing now. Works great. :o Laurus

Many thanks Negotiator. Another twist and perspective. I appreciate it Laurus

I know I have stored a link to the article, but I am not able to find it. The name Paul Rotter does not ring a bell, but from the description on a couple of pages I have found it might as well be him. The thing I remember from the article I read was that the guy was as a twelve or thirteen years old home and studying charts when his friends was out playing. And when he was ready his mother opened a trading account for him before he was old enough. If this fits Paul Rotter, it most probably would be him. I'll keep on looking for the article and post the link if I find it. This is a couple of links on what I found with Paul Rotter: The Worlds most Successful Trader - Paul Rotter - aka "the Eurex Flipper" - NQoos-TradingNaked I found my Holy Grail - No Setup No Trade: World's most successful trader Paul Rotter trades with CCI Laurus

Great stuff from both of you Steve and Mitsubishi. Right up my alley. Thanks for taking the time. I have too done a lot of home work with historical data, and the times I have been uncertain I see that I have not done enough. I guess what you are talking about is the same thing the guy in Germany (who has as a single person the largest positions with the DAX today) did from he was about 12 or 13 years old before he started trading. Regarding Dr. Kiev Steve. If there is a book with him that handles exactly the stuff you wrote in last post and the lines I quoted that you could recommend, that would have been very nice. Both tings still applies to me and would be nice to have some more input on. Thanks guys Laurus

Thanks for this one Steve. I am wondering if this topic is specifically handled in Kiev's or Douglas' book? Anyhow I am also wondering if there is a specific book you would recommend by Kiev? I did a search on amazon.com and found six by him I think. Laurus